HYD vs CGMU: Holdings Overlap
VanEck · 1911 holdings · $4.4B · as of 2026-04-30
CGMUCapital Group Municipal Income ETF
Capital Group · 2128 holdings · $6.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (HYD: 2026-04-30, CGMU: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are HYD and CGMU?
VanEck High Yield Muni ETF (HYD, by VanEck) holds 1911 positions; Capital Group Municipal Income ETF (CGMU, by Capital Group) holds 2128. They have 184 holdings in common, and by portfolio weight the two funds are 6.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 184HYD holds 1911 · CGMU holds 2128
- Weight in Shared Holdings
- HYD 17%·CGMU 11%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in HYD
1727 of 1911 positions (78.4% of the fund) are not held by CGMU. Showing the top 30 by weight.
- Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 20.87%
- Tobacco Settlement Financing Corp., Series 2018B0.71%
- NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE0.66%
- PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE0.63%
- CHICAGO IL BRD OF EDU0.57%
- New York Transportation Development Corp., Laguardia Airport Terminal Redevelopment Project, Series 2016A0.51%
Only in CGMU
1944 of 2128 positions (89.4% of the fund) are not held by HYD. Showing the top 30 by weight.
- PUERTO RICO CMWLTH0.67%
- TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES0.58%
- UNIV OF CALIFORNIA REVENUES0.56%
- NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE0.54%
- MONTGOMERY CNTY MD0.53%
- Harris County Cultural Education Facilities Finance Corp., Houston Methodist, Series 2026A0.51%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| HYD | -1.5% | +1.3% | +7.1% | +4.5% | -0.5% | +2.8% | 4.38% |
| CGMU | -0.7% | +1.1% | +4.9% | +4.5% | — | — | 3.38% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in HYD vs CGMU →
Shared Holdings(184)
The top 10 shared positions account for 22% of the overlap, led by Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2, California Community Choice Financing Authority, Clean Energy Project, Series 2025E and FLORIDA ST DEV FIN CORP.
| Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2 | 0.29% | 0.57% | 0.29% |
|---|---|---|---|
| California Community Choice Financing Authority, Clean Energy Project, Series 2025E | 0.23% | 0.19% | 0.19% |
| FLORIDA ST DEV FIN CORP | 0.54% | 0.17% | 0.17% |
| PUERTO RICO CMWLTH | 0.21% | 0.16% | 0.16% |
| KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE | 0.14% | 0.15% | 0.14% |
| MISSION TX ECON DEV CORP REVENUE | 0.35% | 0.14% | 0.14% |
| BERKS CNTY PA MUNI AUTH | 0.23% | 0.12% | 0.12% |
| NEW YORK ENERGY FIN DEV CORP | 0.12% | 0.29% | 0.12% |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE | 0.11% | 0.33% | 0.11% |
| City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2024B | 0.10% | 0.21% | 0.10% |
| BALDWIN CNTY AL INDL DEV AUTH SOL WST DISP REVENUE | 0.28% | 0.10% | 0.10% |
| HOUSTON TX ARPT SYS REVENUE | 0.49% | 0.10% | 0.10% |
| Florida Local Government Finance Commission, Fleet Landing at Nocatee Project, Series 2025B-3 | 0.10% | 0.11% | 0.10% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | 0.13% | 0.09% | 0.09% |
| SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE | 0.09% | 0.10% | 0.09% |
| TEXAS ST MUNI GAS ACQUISITION & SPLY CORP VI GAS SPLY REV | 0.09% | 0.13% | 0.09% |
| Black Belt Energy Gas District, Gas Project No. 8, Series 2022A | 0.17% | 0.09% | 0.09% |
| GTR ORLANDO AVIATION AUTH FL SPL PURPOSE ARPT FACS REVENUE | 0.13% | 0.08% | 0.08% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE | 0.36% | 0.08% | 0.08% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1 | 0.99% | 0.08% | 0.08% |
| Southeast Energy Authority A Cooperative District, Series 2025D | 0.08% | 0.12% | 0.08% |
| CHICAGO IL BRD OF EDU | 0.67% | 0.08% | 0.08% |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2022, Ref. RB | 0.09% | 0.08% | 0.08% |
| CHICAGO IL BRD OF EDU | 0.25% | 0.07% | 0.07% |
| WASHINGTON ST HSG FIN COMMISSION | 0.07% | 0.09% | 0.07% |
Frequently Asked Questions
How much do HYD and CGMU overlap?
HYD and CGMU overlap by 6.9% of portfolio weight. They share 184 holdings (HYD holds 1911 positions and CGMU holds 2128), based on each fund's latest SEC-reported holdings.
Is it redundant to own both HYD and CGMU?
The two portfolios are 6.9% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of HYD and CGMU?
The largest positions held by both funds are Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2, California Community Choice Financing Authority, Clean Energy Project, Series 2025E, FLORIDA ST DEV FIN CORP, PUERTO RICO CMWLTH and KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE. Together the top 10 shared positions account for 22% of the total overlap.
What does HYD own that CGMU doesn't?
1727 positions (78.4% of HYD) are unique to HYD, led by Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2, Tobacco Settlement Financing Corp., Series 2018B and NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE. In the other direction, 1944 positions (89.4% of CGMU) are unique to CGMU.